Public sector lender Bank of Baroda today said it has witnessed a 27 per cent growth in loans in September against the same period last year.
"Loan growth has been better (in the second quarter) than in the first quarter. We had a growth of 27 per cent year-on-year this September (over Sep'08)," BoB Executive Director R K Bakshi told reporters here.
Deposits of the bank also grew by 28.5 per cent, he said.
"There has been a good growth in current account. CASA (Current Account Savings Account) proportion grew to 36.24 per cent in September over 35.9 per cent in June," Bakshi said.
Bank of Baroda expects about 20 per cent increase in its net profit during the current fiscal, its Chairman and Managing Director M D Mallya had said earlier.
It had reported a whopping 55.15 per cent increase in its net profit at Rs 2,227.20 crore in FY 09 against Rs 1,435.52 crore in the year-ago period.
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